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MNI BRIEF: BOJ On Hold, Keeps Policy Forward Guidance

(MNI) Tokyo
TOKYO (MNI)

The board voted 8 to 1 to keep policy steady.

The Bank of Japan board Friday held easy policy as expected as the economy largely continued moving in line with the baseline scenario despite lingering downside risks and uncertainties.

The BOJ also left the forward guidance for the policy rates, indicating the policymakers are vigilant against the near-term downside risks to the economy and saw the need to keep an easing bias regarding the outlook for monetary policy, (See: MNI STATE OF PLAY: BOJ To Stay Easy Despite Weak Yen, Yields).

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The Bank of Japan board Friday held easy policy as expected as the economy largely continued moving in line with the baseline scenario despite lingering downside risks and uncertainties.

The BOJ also left the forward guidance for the policy rates, indicating the policymakers are vigilant against the near-term downside risks to the economy and saw the need to keep an easing bias regarding the outlook for monetary policy, (See: MNI STATE OF PLAY: BOJ To Stay Easy Despite Weak Yen, Yields).

Keep reading...Show less